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Nov 27, 2012
11/12
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who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind of posturing this week. we're still 30 days out or so. they don't really have to cut a deal yet. they have to look like they're fighting for what they want to fight for, yet please the constituents. they're probably going to put that off for a couple weeks. >> it's the other way around. washington should be paying attention to the consumer and realize how much is the stake here. when you look at the consumer confidence levels able to hold up. when you look at the retail sales numbers pensimentioned by and the idea we've stabilized when it comes to capital spending,
who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind...
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Nov 29, 2012
11/12
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CNBC
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look, i'm as aggravated as you are about the lack of progress over the fiscal cliff. is there progress? is there no progress 123 are the democrats giving? have they given? the only thing given that i know is the tablet. that's what i want to spend a moment on while we bemoan is the farce that is washington. one of the worst aspects of this era where we have to hang on the word of every people who frankly aren't actually trying to make us any money, and if anything want to take it from us, is there are companies doing amazing things, soen in the interests of reminds us some companies are doing great things that can make you money, i want to celebrate the products of three terrific companies as well as their stocks, because after all this is "mad money," not mad tablets. first one of my favorses is the column that consequence taply amazes me, david pentagon, the "new york times" writer who opines brilliantly in a can't-miss column about tech products. i love this guy. today's product starts several enough, a segment of an npr-call-in seg meant that he was going to offer
look, i'm as aggravated as you are about the lack of progress over the fiscal cliff. is there progress? is there no progress 123 are the democrats giving? have they given? the only thing given that i know is the tablet. that's what i want to spend a moment on while we bemoan is the farce that is washington. one of the worst aspects of this era where we have to hang on the word of every people who frankly aren't actually trying to make us any money, and if anything want to take it from us, is...
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Nov 28, 2012
11/12
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FBC
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dave: could the fiscal cliff be a good thing? bill harris of personal capital and former ceo of into it and pay pal might think so. find out why when he joins us in studio. but d#: 1-800-345-2550 this morning, i'm going to tre in hong kong. tdd#: 1-800-345-2550 after that, it'sn to germany. tdd#: 1-800-345-2550 then0 miles away in japa tdd#: 1-800-345-2550 with the new obal account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in tal control becausi can trade tdtd: 1-800-345-2550 dictly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-25 their equity ratings show me how schwab td: 1-800-345-2550 rates ecific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligen
dave: could the fiscal cliff be a good thing? bill harris of personal capital and former ceo of into it and pay pal might think so. find out why when he joins us in studio. but d#: 1-800-345-2550 this morning, i'm going to tre in hong kong. tdd#: 1-800-345-2550 after that, it'sn to germany. tdd#: 1-800-345-2550 then0 miles away in japa tdd#: 1-800-345-2550 with the new obal account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right...
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Nov 29, 2012
11/12
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we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy stocks that are growing at 20% a year at ten times earnings, that's a good valuation. there are a number of those situations there that we're seeing left and right. >> got to go, guys. >> okay. >> sorry, jeff. you know how that works. you guys on the website, you get unlimited amount of space. just go on. >> tell me editor. >> i know. >> thanks, guys. see you soon. let's get over to jackie deangelis with a quick market flash. >> hey, there. watching shares of super value tanking on a headline that talks have stalled. reportedly struggling to get financing for a s
we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy...
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Nov 26, 2012
11/12
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of the fiscal cliff on the markets. why? >> first of all, i don't think we'll go over the cliff. i think it's a lower probability we will not rather than we will. here's where i think you need to position a portfolio strategy. i don't think the market is priced in if we go over the cliff. what you need to do is be in risk assets, if this makes sense, more defense risk assets. dividend payers, technology, even overseas, emerging markets. china looks like it's finally starting to recover because the bottom line is, even if we don't go over the fiscal cliff, we'll still have a very, very slow growth environment for a period of time. you have to hedge both sides. don't get too optimistic but don't escape from the market completely because you could miss a rally up. >> mary, this dominates trading, doesn't it, the discussion about fiscal cliff? how much is it driving averages on every given day? >> it does. if you read the notes, you talk to traders, it's one of the first things they talk about every day. any headline you se
of the fiscal cliff on the markets. why? >> first of all, i don't think we'll go over the cliff. i think it's a lower probability we will not rather than we will. here's where i think you need to position a portfolio strategy. i don't think the market is priced in if we go over the cliff. what you need to do is be in risk assets, if this makes sense, more defense risk assets. dividend payers, technology, even overseas, emerging markets. china looks like it's finally starting to recover...
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Nov 28, 2012
11/12
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KRCB
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david cote will be on capitol hill talking with republican leaders about the fiscal cliff. after that, he'll join us with the news and his analysis. >> tom: "beyond the scoreboard" tonight, google is a feared competito from its dominant poition innternesear to the android smart phone software. now, it's getting into the game of live professional sports video. here's rick horrow. >> reporter: google has agreed to pay the nba a figure in the low six digits to stream 350 development league games on youtube this season. the deal marks the most live games on youtube by a major professional sports league. the partnership between the nba and google's youtube is being touted as an "experiment" to see how many views and how much online ad revenue can be generated from the games. when it comes to online video, the nba is arguably the most progressive u.s. sports league, having launched a dedicated youtube channel back in 2005. but for as much of an experiment as this is for the nba, it's an equally intriguing test for google. live sports tend to be the primary reason consumers don't
david cote will be on capitol hill talking with republican leaders about the fiscal cliff. after that, he'll join us with the news and his analysis. >> tom: "beyond the scoreboard" tonight, google is a feared competito from its dominant poition innternesear to the android smart phone software. now, it's getting into the game of live professional sports video. here's rick horrow. >> reporter: google has agreed to pay the nba a figure in the low six digits to stream 350...
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Nov 21, 2012
11/12
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things like the fiscal cliff. but remember, if you're not worried about the outcome, then it's not worth fighting for. come back, top of the hour. [ female announcer ] e-trade technology can help make you a better investor. our e-trade 360 investing dashboard shows you where your money is, live. e-trade pro is so usable you'll actually use it. and our apps are the ultimate in mobile investing. become a better inves at e-trade. >>> former fund manager matthew martoma was arrested yesterday. profits that add up to about $276 million. that from insider trading, says the government. joining us now, richard harwell, who presided over the trial, judge, you know, of course, many people are focused as they should be, on steven cohen. the man who founded sac. 9 billion of the assets are his. there are calls between mr. mar toe ma and cohen that the government tells us have taken place. we assume it's mr. cohen judging from the hedge fund's leader, founder, owner. what is the government in your opinion going to do here if t
things like the fiscal cliff. but remember, if you're not worried about the outcome, then it's not worth fighting for. come back, top of the hour. [ female announcer ] e-trade technology can help make you a better investor. our e-trade 360 investing dashboard shows you where your money is, live. e-trade pro is so usable you'll actually use it. and our apps are the ultimate in mobile investing. become a better inves at e-trade. >>> former fund manager matthew martoma was arrested...
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Nov 29, 2012
11/12
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and i worry about it in relative terms to the fiscal cliff. what bothers me about our situation and the situation in europe is that the political forces and the structure of these repairs take a long time, they misdeadlines continually, and they only do something when we get to the brink. we had a mechanism here in the u.s. with the sequestration process and everything got kicked down the road. we have a great opportunity to make major changes for the future and see if those pro formas actually work out as they're supposed to. but we've got to tweak it because that exponential function of increasing the deficit and increasing the aggregate debt against the backdrop ofactuarial certainty is really concerning. so the market seems to be very, very much focused on events and is driven by those reactions as we've seen. there's a lot more volatility creeping in. >> and given what we're talking about, all the risks you've laid out, what's getting some attention is the fact that the vix is now not the above 20 for four straight months. the last time w
and i worry about it in relative terms to the fiscal cliff. what bothers me about our situation and the situation in europe is that the political forces and the structure of these repairs take a long time, they misdeadlines continually, and they only do something when we get to the brink. we had a mechanism here in the u.s. with the sequestration process and everything got kicked down the road. we have a great opportunity to make major changes for the future and see if those pro formas actually...
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Nov 21, 2012
11/12
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>> let's hope that the fiscal cliff has a trampoline at the bottom of it. nonetheless, in the meantime, we're looking at those companies that have really, really high quick ratios. that means that they've got a lot of cash on hand. what we're seeing in the most recent period is we've had a 400% increase in the number of companies that have issued special dividends. lancaster colony just paid $5 dividend. the arden group just paid $20 special dividend. i think we all know there will be increased taxes on dividends, almost a 300% increase in that. as a result, a number of companies have taken cash they've got on hand anden just sent it to their shareholders, as perhaps well they should. but it means there are some opportunities out there. i'd suggest that people look at those companies that really have really, really high quick ratios, then take advantage of that and perhaps they will be one of those that will issue those. >> main names, randy. which ones? >> there's a variety. we've already structured our portfolio, decided to take advantage of it. but there
>> let's hope that the fiscal cliff has a trampoline at the bottom of it. nonetheless, in the meantime, we're looking at those companies that have really, really high quick ratios. that means that they've got a lot of cash on hand. what we're seeing in the most recent period is we've had a 400% increase in the number of companies that have issued special dividends. lancaster colony just paid $5 dividend. the arden group just paid $20 special dividend. i think we all know there will be...
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Nov 24, 2012
11/12
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FOXNEWSW
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we are in a fiscal cliff and rough waters here and now this to deal with? >> i think it could be bad for the economy. they have the merchandise and this is not going to affect thanksgiving shopping season and christmas most likely. but look at history. 1948 we had five million workers on strike and it crippled the economy. the taft hartley act brought back the boom. that is it breaking of the unions and created the boom that eisenhower had. if these union heads go forward. this could hurt the economy. >> tracey, you made the point about the retailers, it could hurt the consumer spending as well the economy needs that right now. and economist looking to the holiday shopping season to get big numbers out. >> cheril, i am a last minute shopper and i disagree that they have everything in for the season. stuff comes in down to the wire in so many small businesses if you don't have what i am looking for when i generally get out there, i am not buying it that hurts the over all economy. and look. at the unions what are you doing? people are dying for jobs and you
we are in a fiscal cliff and rough waters here and now this to deal with? >> i think it could be bad for the economy. they have the merchandise and this is not going to affect thanksgiving shopping season and christmas most likely. but look at history. 1948 we had five million workers on strike and it crippled the economy. the taft hartley act brought back the boom. that is it breaking of the unions and created the boom that eisenhower had. if these union heads go forward. this could hurt...
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Nov 26, 2012
11/12
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economists warn today people looming fiscal cliff could hurt consumer confidence they say the threat of sudden increase in tax for middle class could put the brakes on holiday shopping. news has had an impact on stocks today with target, macy's and other retailers falling, dow down 64 points. >>> still much more ahead, another factory fire in bangladesh days after a deadly blaze at a company that makes clothes for big name retailers here. >> the elect was weeks ago some campaign something heating up again state senator from the bay area wan >>> there's been a second fire at a clothing fire in bangladesh, two days after another fire killed more than 100 workers. this is new video of the latest fire. the fire department believes everyone did get out safely. thousands took to the streets today demanding justice. officials say that building had no emergency exits when the fire broke out, workers above were trapped. the factory made products for wal-mart and other companies in the u.s. and europe. the bangladesh government has declared tomorrow a national day of mourning. >>> happening no
economists warn today people looming fiscal cliff could hurt consumer confidence they say the threat of sudden increase in tax for middle class could put the brakes on holiday shopping. news has had an impact on stocks today with target, macy's and other retailers falling, dow down 64 points. >>> still much more ahead, another factory fire in bangladesh days after a deadly blaze at a company that makes clothes for big name retailers here. >> the elect was weeks ago some campaign...
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Nov 26, 2012
11/12
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a new warning over the fiscal cliff, the white house says consumer spending could take $200 billion hit if lawmakers fail to come up with a deal. we have the details on that ahead. and the egyptian president morsi. wow. violent protests after he essentially made himself a dictator. today he said he is not backing down. so, where is he with the israel and palestinian thing? worried about your teen's driving habits? now you can hire an off-duty cop to spy on them. but is that legal? that is all ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city, you will be glad to know your congress is back from break and so begins another round of negotiations aimed at keeping the country from going off the so-called fiscal cliff. president obama expressing optimism they can come up with a deal to prevent automatic spending cuts and expiring tax breaks just into fox, the white house spokesman, jake carney, reports president obama spoke with the house speaker boehner and the senate majority leader harry reid over the weekend. still, concerns of the
a new warning over the fiscal cliff, the white house says consumer spending could take $200 billion hit if lawmakers fail to come up with a deal. we have the details on that ahead. and the egyptian president morsi. wow. violent protests after he essentially made himself a dictator. today he said he is not backing down. so, where is he with the israel and palestinian thing? worried about your teen's driving habits? now you can hire an off-duty cop to spy on them. but is that legal? that is all...
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Nov 27, 2012
11/12
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so there are a lot of things to consider with the fiscal cliff so the fiscal cliff will affect everybody. >>> they're talking more about the gas tax, more money to fly, thank you, sharon. >>> sure. >>> and speaking of the economy and spending, a lot of spending is going on right now, in what most agree is a tough economy. today was the day they called cyber monday because of the volume of on-line shopping. tonight we have a camera inside an amazon.com distribution center in phoenix, where workers are processing a mind-numb amount of processing a mind-numbing amount of orders, they expect to top the amount this year. cnbc's courtney reagan is topping the story for us. she is with us tonight from a legendary retailer, bloomingdales, in mid-town manhattan. >> reporter: good evening, cyber monday used to be a day when people who didn't have a home computer returned to the office to shop on line. well, times changed. the retailers offered deals last week and hope that cyber monday will give the shoppers yet another reason to spend. after a long and for some, chaos-filled thanksgiving day week
so there are a lot of things to consider with the fiscal cliff so the fiscal cliff will affect everybody. >>> they're talking more about the gas tax, more money to fly, thank you, sharon. >>> sure. >>> and speaking of the economy and spending, a lot of spending is going on right now, in what most agree is a tough economy. today was the day they called cyber monday because of the volume of on-line shopping. tonight we have a camera inside an amazon.com distribution...
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Nov 28, 2012
11/12
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fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart this morning and equities remain nervous. >> the rhetoric, to avoid the fiscal cliff, taxes go up, dividend tax rates, personal tax rates, corporate tax rates go up, that that itself will cause economic weakness. what do you say to that? how are we supposed to balance the risks of doing things to avoid the fiscal cliff that may also hurt growth? >> one way or the other, there is a problem. if you kick the fiscal cliff down the road, then, you know, you're talking about the u.s. running deficits close to 4% to 5% over the next decad
fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart...
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Nov 26, 2012
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we think fiscal cliff will be resolved in large part. creating opportunity if you have done your homework and you have long-term discipline, use vo volatility to your advantage. great cash position. europe has good companies. china will stimulate. not like in 2009 but it will be there. i think the death of equities and u.s. market is greatly exaggerated. you do have to do your homework because short-term volatility will give you opportunities and challenges. >> after what we hear this weekend, does it make sense to focus on discretionary going into year end? >> it does. it has coming into the third and fourth quarter. again, pick your battles. understand what you're getting into. name specific analysis is critical. build that portfolio. look globally. it's more than just a u.s. story. looking into europe, emerging markets if you have a longer term time horizon. commodities. all of these things are going to be part of it and nickel and dime your nay. we don't swing for the fences. >> good stuff. thanks very much. >>> next on the program,
we think fiscal cliff will be resolved in large part. creating opportunity if you have done your homework and you have long-term discipline, use vo volatility to your advantage. great cash position. europe has good companies. china will stimulate. not like in 2009 but it will be there. i think the death of equities and u.s. market is greatly exaggerated. you do have to do your homework because short-term volatility will give you opportunities and challenges. >> after what we hear this...
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Nov 27, 2012
11/12
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we look at the fiscal cliff or as steve calls it the fiscal slope or the fiscal fiesta and of course the fiscal follies. we'll install our own special graphic later this week. it's our new style of play and our next guest might want to be a pair here as he writes about it every day until the situation is resolved. sounds riveting. in the guest spot today is dan gross, the columnist and global business editor for "newsweek" daily beast who says in his latest piece republicans still haven't recognized the new reality. dan, you may be right. i don't know. i guess we'll see. if republicans do agree to raise taxes, do you think that democrats will agree to any health care entitlement reform? which is the harder sell? >> no, i don't think so. that's why i'm so pessimistic or actually so optimistic about going over this fiscal cliff. usually when i threaten to write about something every day until it is resolved, it gets resolved quickly. we'll see in this case. >> that's power. >> the election kind of ratified the stance. which is the bush tax cuts should expire for those making over a cer
we look at the fiscal cliff or as steve calls it the fiscal slope or the fiscal fiesta and of course the fiscal follies. we'll install our own special graphic later this week. it's our new style of play and our next guest might want to be a pair here as he writes about it every day until the situation is resolved. sounds riveting. in the guest spot today is dan gross, the columnist and global business editor for "newsweek" daily beast who says in his latest piece republicans still...
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Nov 27, 2012
11/12
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more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of late. i'm talking about ross stores. r-o-s-t. the company behind two off-price retail concepts we can't get enough of here on "mad money." ross is an off price play like tjx, another strong, strong player, where people go to get terrific deals on merchandise that's been marked down dramatically. the company's pretty much immunized against a fiscal cliff. well, at least one that induces a recession. consider t hat since 2005, ross stores has had only a single quarter of negative same-store sales growth during the great recession in 2009. j
more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of...
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Nov 26, 2012
11/12
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FOXNEWSW
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lawmakers are still trying to reach a compromise on the so-called fiscal cliff. lawmakers don't know what is going to happen to our taxes this year. there are five things you can do with your money to make sure you aren't taxed to the max. regardless of people's age there is one thing in particular you say we should do before the end of the year? >> contribute to your retirement account especially bh it comes to the 401 k. the max is $1,700 might not be enough when you look at the taxes we face. even if you haven't maxed it out yet or you can't give to that letter give as much as you can to the retirement account. that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateab
lawmakers are still trying to reach a compromise on the so-called fiscal cliff. lawmakers don't know what is going to happen to our taxes this year. there are five things you can do with your money to make sure you aren't taxed to the max. regardless of people's age there is one thing in particular you say we should do before the end of the year? >> contribute to your retirement account especially bh it comes to the 401 k. the max is $1,700 might not be enough when you look at the taxes...
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Nov 26, 2012
11/12
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KOFY
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economists warn today people looming fiscal cliff could hurt consumer confidence they say the threat of sudden increase in tax for middle class could put the brakes on holiday shopping. news has had an impact on stocks today with target, macy's and other retailers falling, dow down 64 points. >>> still much more ahead, another factory fire in bangladesh days after a deadly blaze at a company that makes clothes for big name retailers here. >> the elect was weeks ago some campaign something [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ mal
economists warn today people looming fiscal cliff could hurt consumer confidence they say the threat of sudden increase in tax for middle class could put the brakes on holiday shopping. news has had an impact on stocks today with target, macy's and other retailers falling, dow down 64 points. >>> still much more ahead, another factory fire in bangladesh days after a deadly blaze at a company that makes clothes for big name retailers here. >> the elect was weeks ago some campaign...
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Nov 27, 2012
11/12
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even overshadowing the fiscal cliff. the markets today did not get a huge boost from the greek deal because they expected that it would happen. but they would have take an real hit had it not. bret? >> bret: amy kellogg in london. thank you. black friday shoppers got plenty of bang for the buck. that is later in the grapevine. up next, republicans try to zero in on hispanic voters. why is it that the most impressive technology often comes with a set of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively with data sense-- a feature that makes the most of your plan. only on verizon. >> bret: republicans are already looking ahead to the next election. in 2014. they are trying to do something about the low numbers with hispanics. correspondent doug mckelway on the first steps this week. >> clearly
even overshadowing the fiscal cliff. the markets today did not get a huge boost from the greek deal because they expected that it would happen. but they would have take an real hit had it not. bret? >> bret: amy kellogg in london. thank you. black friday shoppers got plenty of bang for the buck. that is later in the grapevine. up next, republicans try to zero in on hispanic voters. why is it that the most impressive technology often comes with a set of equally impressive instructions ?...
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Nov 25, 2012
11/12
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KNTV
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many shoppers say they will be cautious concerned about the economy and the gridlock of the fiscal cliff. >> they will pull back. they don't know what to expect for 2013. they want to remain cautious as we move into the next year. >> reporter: to that point, two-thirds of shoppers say they will use cash or debit cards. we're seeing consumers do a lot more research online and smartphones. kate. >> retail analysts predicting another first this year. for the first time ever online shopping could exceed 10% of all holiday spending. the folks who track these things tell us that amazon was the most visited retail site of all over the holiday weekend, but what happens after your click your mouse and make a purchase. we got an inside look at one of amazon's largest hubs in the u.s. >> reporter: from the moment you check out at amazon.com the process begins. your item is picked, sorted, packed and shipped. this is what the holidays look like here at amazon. to give you some perspective this is one of 40 across the country packed with thousands of items in time for the holiday rush. they're going
many shoppers say they will be cautious concerned about the economy and the gridlock of the fiscal cliff. >> they will pull back. they don't know what to expect for 2013. they want to remain cautious as we move into the next year. >> reporter: to that point, two-thirds of shoppers say they will use cash or debit cards. we're seeing consumers do a lot more research online and smartphones. kate. >> retail analysts predicting another first this year. for the first time ever...
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Nov 26, 2012
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pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying is, this is not about pledges. let's not allow for the tail to wag the dog. this is not about a pledge. this is about finding a solution. let's not be boxed in. let's have the ability to be creative, think outside the box. and come up with a solution that works for america. and i think they're getting sick of being held to pledge here, pledge there. you know, it's almost like read my lips. no new pledges. >> let me just read the pledge, so people know what we're talking about here. it says, number one, oppose all efforts to increase the marginal tax rates for individu
pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying...
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Nov 27, 2012
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cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad and is down nokia other stocks with the companies issuing dividend dividend -- dividend early to avoid the fiscal cliff part of back to you. >> with those higher dividend tax is. consumer confidence for november at the highest level since every 2008. just-in-time for the holiday is. will it continue? and joining us now is mark, we will stoke the fiscal cliff phobia but they just bought 30% more on cyber monday than one year-ago. >> consumers have tune it out. we always go to the brink and nothing happens. but what is happening with the job market? it is improving
cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad...
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Nov 28, 2012
11/12
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has been a lot of work on the fiscal cliff. we have talked about medicare savings that can improve and strengthen the program and address rising national health expenditures. we will have more to say on the issue of taxes. we are ecstatic to have senator durbin here today, who has played a fundamental role over the last several years. he has been part of every negotiation that has taken place. he is still an optimist. that is a sign of progress. he has had a long history of being a champion and advocate for the middle class. he has carried that advocacy in the budget negotiations. he was part of the supercommittee, this fiscal, the gang of eight, the gang of six -- almost every gang that has been involved in these issues. he has been a fighter for what is right and for having a plan that stands true to the values of the american people and the people who voted and waited in line for hours on end to vote -- people who want a fair shake out of washington. as a champion of that fair shake, i am excited to have senator durbin. >> n
has been a lot of work on the fiscal cliff. we have talked about medicare savings that can improve and strengthen the program and address rising national health expenditures. we will have more to say on the issue of taxes. we are ecstatic to have senator durbin here today, who has played a fundamental role over the last several years. he has been part of every negotiation that has taken place. he is still an optimist. that is a sign of progress. he has had a long history of being a champion and...
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Nov 21, 2012
11/12
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does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever damage is done by going off the fiscal cliff. host: thanks so much for joining us this morning. guest: thank you. host: we want to play a few of ben bernanke's comments from yesterday. [video clip] >> the federal budget is on an unsustainable path. the budget deficit which peaked at about 10% of gdp in 2009 and now is 7% of gdp is expected to narrow further in the coming years as the economy continues to recover. the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of g
does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever...
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Nov 28, 2012
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, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now -- but hurry, the offer ends soon. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a mo
, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today,...
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fiscal cliff revelers talking about it's going to play its part as well as my slowing growth in china as well says that's all helping the goal to be as popular as and that's all coming up in the business but as in after the break. flying north with me in this old soviet work or so the helicopter is dr run amir brodsky and his team from the region's medical aviation service we head across ever more barren tundra higher and higher into russia's arctic far north until eventually we see our landing spot with arrive at this tiny village after crossing hundreds of kilometers of snowy wilderness as a boy here suffering from favre and the doctors are going to see what they can do. inside a small building not one but two babies and their parents are waiting for us the doctors inspect them but can't make a diagnosis and decide to bring them to a regional hospital for better care spread lana doesn't like taking her baby away from home but she's been before and agrees to go that's the usual practice with those who live in it to indra they keep mothers with their newborns in hospital for a month.
fiscal cliff revelers talking about it's going to play its part as well as my slowing growth in china as well says that's all helping the goal to be as popular as and that's all coming up in the business but as in after the break. flying north with me in this old soviet work or so the helicopter is dr run amir brodsky and his team from the region's medical aviation service we head across ever more barren tundra higher and higher into russia's arctic far north until eventually we see our landing...
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Nov 26, 2012
11/12
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we of course continue to watch the fiscal cliff count down. lawmakers have been trying to convince the naub they are willing to compromise. they return to capitol hill today. >> everything should be on the table. >> bring entitlement reform into the conversation. >> a group of corporate executives are calling on congress to rise above partisan politics to try to find some sort of a solution. we have a lot to talk about with gleg brown and we'll start that in just a moment, but first over to andrew. >>> finance ministers are trying to unfreeze the second bailout package for greece, but first they must agree on how to cut massive debt to a more sustainable level. we'll head to london for details on that. and playing down a deal talk, tom joyce saying his country's currently if talks with at least two firms on a possible sale of its largest business unit. but would only pursue a deal if it created value to shareholders and clients. and mexico's anti-corruption body says it has found no irregularities in its probe of permits given to walmart. two
we of course continue to watch the fiscal cliff count down. lawmakers have been trying to convince the naub they are willing to compromise. they return to capitol hill today. >> everything should be on the table. >> bring entitlement reform into the conversation. >> a group of corporate executives are calling on congress to rise above partisan politics to try to find some sort of a solution. we have a lot to talk about with gleg brown and we'll start that in just a moment, but...
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Nov 21, 2012
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fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo chairman and ceo dick kovacevich. also mario gabelli, take a look at the "squawk box" market indicator. wow, not often you see that. markets indicated flat. you can see s&p futures are down by less than a point. ten-year note is also flat at this point. crude oil up by just about $1. and gold up by $3.90. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-
fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo...
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cliff in the united states if we do get a recession there if we do get a flight from risk then maybe the ruble can be back up at thirty five who knows maybe even thirty six if however things turn out pretty well you get a resolution to your pay for the fiscal cliff is avoided if asset prices more generally start to rise and we could easily be below thirty inside say the ruble current levels reflects that balance of risks with investors largely neutral i don't i've not spoken to any large investor who's got a particularly aggressive position one way or another in the ruble comfortably neutral is i think what best describes it so would you say right now this is a sissy on the fence it's a wait and see upright as to see what's going to happen early next year yeah i think that does describe the position very well i've just come back from a trip to australia in new zealand and we see a lot of global investors and the mood that we get is very much one that says they're afraid in the short term they're afraid of coming into calendar year end of volatility and accumulating cash to avoid bein
cliff in the united states if we do get a recession there if we do get a flight from risk then maybe the ruble can be back up at thirty five who knows maybe even thirty six if however things turn out pretty well you get a resolution to your pay for the fiscal cliff is avoided if asset prices more generally start to rise and we could easily be below thirty inside say the ruble current levels reflects that balance of risks with investors largely neutral i don't i've not spoken to any large...
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Nov 27, 2012
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we're just a little over a month away from the fiscal cliff. do lawmakers have the courage to rise above and get a deal done? our guest hosts this hour are here to talk about it. roger altman, chairman of ever corp partners. in recent days, i'll start with you, ed, i don't know if we have gotten any closer or further away. i know the president is going to talk tomorrow and say he won't cross that line at 250 for the bush tax cuts. "the new york times" lead story is any effort to curb social spending in any way on entitlements is going to face a lot of resistance. that seems like we're as far apart as we were all along. >> thii think we are far apart. i'm an optimist. what you see in negotiations is everybody plays tough and pushes it to the 11th hour. >> is it a can kicking deal we get done or an actual deal? >> roger and i were talking about this before we came on. we both want to see it get done. my view is that it needs to get done correctly and what the it is is we shouldn't lump taxes and spending in the same bucket. when you call it the f
we're just a little over a month away from the fiscal cliff. do lawmakers have the courage to rise above and get a deal done? our guest hosts this hour are here to talk about it. roger altman, chairman of ever corp partners. in recent days, i'll start with you, ed, i don't know if we have gotten any closer or further away. i know the president is going to talk tomorrow and say he won't cross that line at 250 for the bush tax cuts. "the new york times" lead story is any effort to curb...
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Nov 27, 2012
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senator mccain is also talking about know big topic the fiscal cliff. he says the current tax cuts could be extended for another six months. >> meeting this week is interesting. to be a sense of urgency as the market indicates. i think it depends on both sides and what they view is the lesson of the election. republicans maintain their majority in the house. the preside there's a possibili could kick the can down the road for 6 months or so by putting everything on hold. if you are really going to solve this problem if you are really going to address it you have to go after entitlements. everybody knows that's the third rail. that part has to be bipartisan the way it was with tip o'neil and ronald reagan. >> the fiscal cliff making investors nervous but not consumers. that's one of the stories you can bank on this morning. if you looked at cyber monday all of the deals you are not alone. early numbers show that sales were on track to break records. lauren simonetti joins us to look at these numbers. >> i went shopping yesterday, did you? >> i did, actua
senator mccain is also talking about know big topic the fiscal cliff. he says the current tax cuts could be extended for another six months. >> meeting this week is interesting. to be a sense of urgency as the market indicates. i think it depends on both sides and what they view is the lesson of the election. republicans maintain their majority in the house. the preside there's a possibili could kick the can down the road for 6 months or so by putting everything on hold. if you are really...
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Nov 26, 2012
11/12
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president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiable. several republicans are indicating they're open to breaking that promise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean n
president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax...
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Nov 27, 2012
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goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in terms of what we've seen in this market. look how excited he is. and they finally got it done. it's been one as you pointed out that was around in 2011. they couldn't get it done. that is conagra. they walked away. ralcorp stock price fell dramatically. they split the post cereal division from ralcorp. the two trade separately. so you did have a company here that perhaps became a little more -- i wouldn't say vulnerable. not as if they were committed to selling. the board composition changed. you have had activist shareholder get on t
goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in...
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Nov 27, 2012
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same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending than we might like. the problem with the u.s. is it gets into that ideological dispute over whether the way to do that should be by cutting spending and raising taxes. so there is an actual sort of fundamental disagreement that underpins this sense of knee jerk -- >> why have we had to do this? we've had to borrow money and cut people 00 taxes and spend more on social services because the underlying private sector economy completely ran out of steam. it ran out of steam because it needs the banking system to feed off. it needs access to trade credit, to business finance, e
same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending...
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Nov 28, 2012
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also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of thrived after about eight months' journey by ship, state ge coach into a mining town. he boarded himself in a log cabin. he established a law practice. he worked his way up. he became a successful lawyer and got involved politically. he ran for congress and served eight terms. he befriended abraham lincoln from illinois and ulysses s. grant. as they were on the rise, washbourne was a close confidant during the civil war. after grant was elected president, he appointed washbourne secretary of state. washbourne became ill. his family feared for his lif
also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of...
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Nov 27, 2012
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. >>> with the fiscal cliff looming, the white house today continued its hard line, insisting that tax rates have to rise for the rich, and warn that any more delays would ruin consumer confidence. there are signs of movement on capitol hill, but democrats are not willing to cut social security and medicare. and while some republicans agree the rich should pay more, they want to raise money by reducing deductions, not through higher tax rates. >> i don't care if you raised taxes 100% on the wealthy, you're not going to fix the deficit problem. >> the president has made clear that he will not sign a bill that extends the bush era tax cuts for those make mortgage than $250,000. >> billionaire warren buffett, an obama ally today wrote an editorial in "the new york times," calling for a higher minimum tax for the wealthy. >>> a shake-up in the middle east in politics today as an israeli moderate resigns. israeli defense minister ehud barack abruptly quit politics today, saying he'll only finish out his term. the obama administration had embraced him as a moderate influence on benjamin neta
. >>> with the fiscal cliff looming, the white house today continued its hard line, insisting that tax rates have to rise for the rich, and warn that any more delays would ruin consumer confidence. there are signs of movement on capitol hill, but democrats are not willing to cut social security and medicare. and while some republicans agree the rich should pay more, they want to raise money by reducing deductions, not through higher tax rates. >> i don't care if you raised taxes...
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Nov 26, 2012
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and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul steinhauser, he is live in washington for us this morning. nice to see you, paul. so falling off the fiscal cliff means severe spending cuts and tax hikes, automatically kick in. so how worried are most americans? i understand you have some numbers for us. >> i do have more numbers from that new cnn/orc national poll. americans are concerned about how it will affect them directly. almost four in ten said if the country falls off the fiscal cliff they will be impacted a great deal. or somewhat. look at this. another four in ten say somewhat. only about
and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul...
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Nov 26, 2012
11/12
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we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will get done. >> let's talk about grover norquist for just a bit, paul. so most americans want taxes raised on the wealthiest americans. we just saw your poll there that 45% of americans would blame republicans if there's no compromise reached to avoid this fiscal cliff. so why is grover norquist still so powerful? why does any republican care? >> well, this pledge has been around for 25 years. that's a long time. it stood through a lot of different crises. take, for instance, saxby chambliss and lindsey graham. both up for re-election in
we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will...
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Nov 26, 2012
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. >>> time 6:11, avoiding the fiscal cliff, are both parties willing to compromise. >>> plus dangerous fun, the new concerns about a popular party activity. >>> and a driver trapped in this dangling truck, how he was finally pulled to steady ground. >>> i have what science calls the nightly stuffy nose thing. i can't breathe, so i can't sleep. and the next day i pay for it. i tried decongestants... i tossed and turned... i even vaporized. and then i fought back with drug-free breathe right. these nasal strips instantly open my nose, like a breath of fresh air. i was breathing and sleeping better. [ female announcer ] exercise your right to breathe right. get two free strips at breatheright.com. hey it's your right to breathe right. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. truck as it dangled from an overpass >>> an oregon man spent nearly an hour trapped i
. >>> time 6:11, avoiding the fiscal cliff, are both parties willing to compromise. >>> plus dangerous fun, the new concerns about a popular party activity. >>> and a driver trapped in this dangling truck, how he was finally pulled to steady ground. >>> i have what science calls the nightly stuffy nose thing. i can't breathe, so i can't sleep. and the next day i pay for it. i tried decongestants... i tossed and turned... i even vaporized. and then i fought...
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Nov 29, 2012
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tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that tells him what to do. year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is on top of other rewards and discounts i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. now is a good time to think ab
tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that...
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talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that it will happen two now. republicans have beenadament and said we can't raise taxes on anybody. and glover norquist said as long as you don't raise tax rates that is okay. and lindsay graham on that. >> i agree we shouldn't raise rates but i think grover is wrong to cap and buy down debt. what do you do with the money and i will violate the pledge for the good of the country only if the democrats do entitlement reform. >> gretchen: i think the pledge thing is good and bad. if you are a republican and believe that raising taxes is the wrong they think that and fine
talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that...
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to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was incredible, watching back here in the u.s. but i have to ask, i know you have a daughter and a lovely wife. did you get a chance to have a thanksgiving? >> yes, i got back in time for thanksgiving. i flew all night. tel aviv, frank forfurtrankfurt here to d.c. i had turkey and cranberry sauce and all that. here's a question i'm going to ask you, brooke -- a year ago last night, where were you -- >> ding. b.e.t. soul train awards. >> did you watch last night? >> i did not. >> what do you mean you did not? i watched, of course. >> if i'm
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was...
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this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as disappointed as the speaker is right now. i understand some of his problem with this. but the fact of the matter is the american people ended elections on november 6th, voiced their approval of president obama's approach to this. over 3 million more people voted for him than voted for mr. romney. and then if you look at house democr democrats. only 201 of us got eelected. that means the rest were republicans. >> i understand that. >> but over 500,000 more votes than they got -- >> with all due respect, representative, we understand that the president won and you fe
this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as...